Saucon Valley Country Club
- Assets
- $62.4m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 549
- Location
- Bethlehem, PA
- Founding
- 04/1942
- Data as of
- 12/2019
- EIN
- 24-0712660
Organization Overview
Saucon Valley Country Club is located in Bethlehem, PA. The organization was established in 1942. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2018, Saucon Valley Country Club employed 549 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Saucon Valley Country Club generated $17.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $16.1m during the year ending 12/2019. While expenses have increased by 1.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PRIVATE RECREATIONAL & SOCIAL FACILITIES FOR ITS MEMBERS, THEIR FAMILIES & GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew E Mattare Jr Gm/director Of Golf | Officer | 40 | $344,590 |
James J Roney Jr Director Of Golf Courses & Grounds | Officer | 40 | $271,105 |
Thomas Fitzmaurice Director Of Racquets Sports | 40 | $163,553 | |
Dean E Will Dir. Of Food & Beverage | 40 | $134,419 | |
Jason I Goldstein Controller/director Of Hr | 40 | $128,288 | |
David B Kennedy President | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Indian Ridge Provisions Food Purveyor | 12/30/17 | $260,939 |
Seeton Turf Warehouse Golf Course Supplies | 12/30/17 | $230,398 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $27,910 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,650 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,802,384 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,936,909 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $654,503 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,848,782 |
| Pension plan accruals and contributions | $203,310 |
| Other employee benefits | $1,383,955 |
| Payroll taxes | $806,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,923 |
| Fees for services: Accounting | $32,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,415 |
| Advertising and promotion | $0 |
| Office expenses | $318,756 |
| Information technology | $82,103 |
| Royalties | $0 |
| Occupancy | $991,222 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,671 |
| Interest | $101,016 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $193,563 |
| All other expenses | $0 |
| Total functional expenses | $16,088,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,937 |
| Savings and temporary cash investments | $1,966,252 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,685,769 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $447,507 |
| Prepaid expenses and deferred charges | $585,646 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,927 |
| Total assets | $62,355,381 |
| Accounts payable and accrued expenses | $1,003,206 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,988,149 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,664,079 |
| Total liabilities | $9,655,434 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $52,699,947 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Saucon Valley Country Club has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
American Junior Golf Foundation Inc Braselton, GA PURPOSE: General support | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Athletic Club New York, NY | $77,721,052 | $46,321,364 |
The Union League Of Philadelphia Philadelphia, PA | $125,460,153 | $46,382,291 |
University Club New York, NY | $57,942,643 | $35,049,579 |
Congressional Country Club Inc Bethesda, MD | $70,346,290 | $35,416,351 |
Harvard Club Of New York City New York, NY | $57,418,045 | $31,237,513 |
Chevy Chase Club Inc Chevy Chase, MD | $60,766,073 | $27,185,640 |
New York Yacht Club New York, NY | $51,821,817 | $25,760,063 |
Baltusrol Golf Club Springfield, NJ | $73,826,402 | $39,457,771 |
Woodmont Country Club Rockville, MD | $55,512,220 | $22,456,672 |
Winged Foot Golf Club Inc Mamaroneck, NY | $48,859,992 | $22,609,887 |
Metropolitan Club Inc New York, NY | $28,490,227 | $19,928,842 |
Columbia Country Club Chevy Chase, MD | $47,452,625 | $21,185,214 |